Processing is a small part of the picture. Despite many states adopting the National Association of Insurance Commissioners (NAIC) Producer Licensing Model Act, in part or in whole, issues persist from state to state based on the lack of uniformity.
If ever you have worked in the insurance industry, you know it is one of the most highly regulated industries in the United States. Those who work in insurance compliance, specifically licensing, have seen the environment change over the years from paper submission to electronic submission, including onboarding new producers. Yet even in a paperless environment, many licensing professionals still experience frustration. Processing is a small part of the picture. Despite many states adopting the National Association of Insurance Commissioners (NAIC) Producer Licensing Model Act, in part or in whole, issues persist from state to state based on the lack of uniformity.